What would be the top 3 tips you give a newbie?

Question

I am no longer a newbie but I get a lot of questions from new investors. I mean those that are brand new or have been investing maybe 2 years

The first thing I would say is get education. It is very difficult to succeed in any field you do not become a student of first.

I also think joining a community will help you become more comfortable and build relationships that can help answer questions and direct you to the right resources.

Finding someone who is doing what you want to do then become a sponge.

Give it time. You cannot be a success overnight,

Those are a few of the tips I think would help. I am interested in hearing the more seasoned investors share their tips

Wendy

Wendy Lovejoy · Answer

Thanks I think we all agree EDUCATION is key.

Keep the answers coming

Ned Carey · Answer

Hard to beat @Russell Brazils post.

I would  modify #1 a little bit an just say - get educated. That includes not just learning the market but learning the strategies and how to evaluate deals.

I  believe many newbies that never move forward, especially due to fear, is because they don't really know what a property is worth. They haven't learned how to evaluate deals and don't know the market well enough to be confident in moving forward. The weak point in their education is almost always specific market knowledge.

Russell Brazil · Answer

1) Learn your market

2) Learn the laws

3) Network